Peter Schiff on Youtube. - He's Right about the economy

I like to watch Peter Schiff. He's usually pretty straight forward and understands the fundamentals of the economy.

Sometimes it's important to understand what's going on in the economy to know what we should be doing individually.

When you see the whole nation suffering from too much debt, and not enough savings, then you can see what the effects are overall.

This should tell people what they need to do in their own personal finances.

Peter Schiff is good to point out items in the economy that are going to affect everybody on the overall.

Learn more about the Canadian coin and the Canadian Economy

I recommend that you check out Peter Schiff's channel on youtube, if you're interested to know what's going on in the economy.

Ultimately it gets back to this.. low debt and high savings will save any economy. Not giving in to instant gratification like we have done for the last 20+ years.

It's also good to invest in R&D so that our country can be profitable and competitive in the future.

I think this economy is going to stay like this for a while until people get the idea and decide to really get on with fixing their balance sheets.